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they want people to say to them, here is my specifics as to how it will help you and help tax reform is going to help you. here's how health care reform the mitt romney will help you specifically as a woman. a lot of these economic reformss o have very unique benefits fos n because of the role that they play in the economy. gerri: women, men, and family and all of the above. appreciate your time, kimberly. come back again soon. well, a victory in pennsylvania for democrats. a judge has blocd the state new election day. democrats said the requirement was an attempt to defeat president obama and republicans claimed it was to prevent voter fraud. meanwhile,n all-important state of ohio, early voting kicked off today. people able to vote by mail or in person without having to give a reason. if you are fired up about this or any other issues, drop me an e-mail at gerri@foxbussiness.com. >> coming up on "the willis report", the economy at a crossroads with the fiscal cliff looming. but it delayed a housing crisis as well? our panelists duke it out next. and high frequency trading. we have
they want people to say to them, here is my specifics as to how it will help you and help tax reform is going to help you. here's how health care reform the mitt romney will help you specifically as a woman. a lot of these economic reformss o have very unique benefits fos n because of the role that they play in the economy. gerri: women, men, and family and all of the above. appreciate your time, kimberly. come back again soon. well, a victory in pennsylvania for democrats. a judge has blocd...
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four years, how in lord's name can they justify raising their taxes with these tax cuts. look, folks, we've seen this movie before. >> so the romney camp jumps all over that. a spokeswoman says she couldn't agree more. she said the middle class has been buried under president obama's policies. >>> new at 11:00, a vicious game caught beating on camera and the man believed to have orchestrated the whole thing is facing up to 25 years in prison following a guilty verdict. today our ken molestina was in that courtroom. he's got the disturbing images. >> reporter: montgomery county prosecutor say you're looking at a gang beating in action. it happened in the 18,000 block of cottage garden drive in germantown in april. the dispute was reportedly over a girl. the teen victim was supposed to be settling the beef with another teen. instead, prosecutors say it became something much worse, thanks to this man, 22-year-old powell. >> the police stated that he's a known member, if not leader of the crips gang. >> reporter: investigators say powell used his role as a boss with the stree
four years, how in lord's name can they justify raising their taxes with these tax cuts. look, folks, we've seen this movie before. >> so the romney camp jumps all over that. a spokeswoman says she couldn't agree more. she said the middle class has been buried under president obama's policies. >>> new at 11:00, a vicious game caught beating on camera and the man believed to have orchestrated the whole thing is facing up to 25 years in prison following a guilty verdict. today our...
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would you give up the mortgage tax deduction for a lower tax rate? log on to gerriwillis.com, vote on the right hand side of the screen and all share the results of the end of tonight's show. coming up later, you will not want to miss this. joins us with his preview of tonight's debate and there will be a huge windfall for the government but a hit to your pocketbook. find out how much more un nearly every other american will be paying uncle sam if we drive over the fiscal cliff in january. nearly 1 billion people around the world don't have enough food to survive. we can't let this happen. there is something we can do about it. please join christina aguilera and yum! brands in the movement to fight world hunger by supporting the united nations world food programme. for more information, go to fromhungertohope.com. your contribution will feed children and save lives. together, we can stop the dying and start the living. and together, we can move people from hunger to hope. and together, we can move people why they're always there to talk. i love you,
would you give up the mortgage tax deduction for a lower tax rate? log on to gerriwillis.com, vote on the right hand side of the screen and all share the results of the end of tonight's show. coming up later, you will not want to miss this. joins us with his preview of tonight's debate and there will be a huge windfall for the government but a hit to your pocketbook. find out how much more un nearly every other american will be paying uncle sam if we drive over the fiscal cliff in january....
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what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a math problem. they can't pay for it. if they can't pay for it, then they are going to raise taxes on the middle class. that's what the economic studies have shown. and look, i don't know anybody who thinks we're another tax cut for a millionaire away from a stronger middle class. that's just not how we have built our economy before and it's not how we're going to continue to make our country on the debate moderator to do itill ?e present be >> ihink the debate morato think the president will push back pticularly on some of thes
what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a...
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how in lord's name can they justify raising their taxes? >> reporter: the romney campaign quickly seized on that comment. arguing the president's policies have hurt the middle class. taking a breather from his preparations outside las vegas today, the president visited the hoover dam. >> it's spectacular and i've never seen it before. >> reporter: aides say he's been calling his family to unwind each night. while the two campaigns have gone out of their way to lower expectations, surrogates on both sides today acknowledge the debate will be a pivotal moment. >> i think it's important for viewers to get a chance to do comparison shopping. seeing the two candidates face to face, head to head. >> this debate can't be about decibels. what it does have to be about, particularly for governor romney, is details. >> reporter: romney who has 23 primary debates under his belt, says he doesn't like formal debate prep, says it feels too artificial. instead, opting for more casual practice sessions, where aides fire off questions. advisers are coaching
how in lord's name can they justify raising their taxes? >> reporter: the romney campaign quickly seized on that comment. arguing the president's policies have hurt the middle class. taking a breather from his preparations outside las vegas today, the president visited the hoover dam. >> it's spectacular and i've never seen it before. >> reporter: aides say he's been calling his family to unwind each night. while the two campaigns have gone out of their way to lower...
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they are sort of this strange direct where they can put things on referendum where you can't raise taxes but the people can also vote on what they want. >> that's right. >> jon: so it is the perfect symbol for the difficulties we have in the country of getting the services we want while convincing people that they do have to bay for it. >> yes. you have that rob, but you also have the other problem, which is that mistakes were made, not only in california but all over the united states, when it comes to pensions. we have in california now for instance $400 billion of unfunded liability, this is something that was done by the legislature, not by the people, so there is a huge amount of money that is being going out, and now it is not available for programs for the people, just because it is for retired people and kind of like you are living in the past, you are taking care of things in the past rather than look to looking to the future and building schools and roads and universities and less study -- >> jon: i keep coming back to this idea, if only somebody could come back from the future
they are sort of this strange direct where they can put things on referendum where you can't raise taxes but the people can also vote on what they want. >> that's right. >> jon: so it is the perfect symbol for the difficulties we have in the country of getting the services we want while convincing people that they do have to bay for it. >> yes. you have that rob, but you also have the other problem, which is that mistakes were made, not only in california but all over the...
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? say. potomac, maryland man jailed in cuba since 2009 may have cancer. alan gross was convicted of spying after distributing internet equipment to the jewish community and was sentenced to 15 years in prison. his wife says he's lost more than 100 pounds and has a growth on his right shoulder. cue bone doctors say the tumor is benign, but -- cuban doctors say the tumor is benign, but his family doctors say they can't rule it out and it needs to be treated. >>> we are less than 24 hours away from the first presidential debate between president obama and former massachusetts governor mitt romney. both campaigns are playing down expectations. they also say the debates could be a turning point in the election. fox
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? say. potomac, maryland man jailed in cuba since 2009 may have cancer. alan gross was convicted of spying after distributing internet equipment to the jewish...
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? . >>> the metropolitan airport's authority added four members to the board and comes down amid questionable contracting prices. d.c. and maryland get an additional seat and virginia receives two. the maryland governor o'malley, speaking out now against penn national gaming and that that casino company is running false ads against question 7 on the november ballot. >> and the gaming company that is funding all of the ads, trying to claim that dollars never go to schools. total hogwash. complete lie. that is perpetuating. total falsehood for them to say we're not investing in education. >> the spokesman behind the ads say they're not our assertions but independent media fact checks. >>> the washington redskins
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? . >>> the metropolitan airport's authority added four members to the board and comes down amid questionable contracting prices. d.c. and maryland get an...
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that portends $900 billion of tax increases. our economy simply is not going to recover quickly with that hanging over its head. mitt's plan is more cost reduction. president obama is much, much bigger. income prehensably large tax kin p increases. people think letting bush tax cuts on people earning over $250,000 is the answer to the problem. that is $50 billion a year. if you cut capital gains and estate tax it is another 50 dal billion a year. that doesn't cut it. melissa: congressman, do you think the governor should go into numbers like that? i'm a thumb members gal. i like to see what is really happening. i'm not sure the rest of the american public can sort through the math? should he talk about the real picture of the economy and talk about passionately. which do you think is better case for the economy? >> no doubt he will talk about unemployment north of 8% for 43 months. no doubt he will talk about the 23 million people out of work or underemployed. but then very quickly, you also have to talk to the person at home, w
that portends $900 billion of tax increases. our economy simply is not going to recover quickly with that hanging over its head. mitt's plan is more cost reduction. president obama is much, much bigger. income prehensably large tax kin p increases. people think letting bush tax cuts on people earning over $250,000 is the answer to the problem. that is $50 billion a year. if you cut capital gains and estate tax it is another 50 dal billion a year. that doesn't cut it. melissa: congressman, do...
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how they justify raising taxes on the middle class, buried for the last four years. stuart: that's the back drop of the debate. and this is the latest poll, president obama with a 3 point lead, that's down from the 5 point lead about ten days ago, two weeks ago, we put that entire tape of president obama on our facebook page, please check it out and tell us what you think and we'll read comments in the next hour. vice-president joe biden says the middle class has been buried the past four years, a clear gaffe in my opinion. is he right? i say, yes, he is. we get a democratic congressman's response in, and we'll bring you the opening bell as well. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those d
how they justify raising taxes on the middle class, buried for the last four years. stuart: that's the back drop of the debate. and this is the latest poll, president obama with a 3 point lead, that's down from the 5 point lead about ten days ago, two weeks ago, we put that entire tape of president obama on our facebook page, please check it out and tell us what you think and we'll read comments in the next hour. vice-president joe biden says the middle class has been buried the past four...
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tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map of where the tresh is, now you get this opinion letters from lawyer, if you follow one every one of these steps, you can get your treasure untaxed to the cayman islands. one of the things the times points out because of the way these were set up and the fees they were charged against them, the less taxes paid by those who were investing, the greater the sum available and therefore the higher the fees that romney collected. >> karen finney, romney, you get the sense the romney campaign expected that the tax return story was a story
tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map...
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$2,000, while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >>> what a great story. adam greenburg got a rousing ovation as a pinch hitter for the marlins last night. he struck out on three pitches. he got hit in the head on the first pitch he saw at his first major league at bat more than seven years ago. he never made it back to the majors until last night. he still suffers from positional vertigo as a result of that ball hitting him in the head. >> how dangerous sports can be, right? >> quirky in the major leagues. if you get walked or hit by a pitch, it doesn't count as an official at bat. technically, yesterday was his first at bat. it's like if you ever saw field of dreams moon light graham, that was the thing, he had given up his dream to play baseball. walked and it didn't count. i watch too many movies. >> good ones. >> yes, i do. >> dave ross is here. >> let's talk about t
$2,000, while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >>> what a great story. adam greenburg got a rousing ovation as a pinch hitter for the marlins last night. he struck out on three pitches. he got hit in the head on the first pitch he saw at his first major league at bat more than seven years ago. he never...
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the fact these bums don't want to pay tax and the richest guy in the world is avoiding tax. >> bill clinton has the best peripheral vision in the history of politics. he knows how to do it. clinton uses a sense of humor to do it, to make the other guy seem like a complete hypocritical phoney. rather than say the guy is a hypocritical phoney, bill clinton builds the occasion like he's talking to the jury. that's what he did there. that's the obstacle that mitt romney has. the way people view mitt romney, in the nbc poll, they still basically have a negative view of the guy. he has to come out there and say, i know how to fix the economy on your behalf, even though people know his whole life has been dedicated to flipping corporates and doing the magic that he did that got him the caymen offshore account. and $100 million i.r.a., individual retirement account. >> he has to show -- >> how does a guy -- >> how does that help us? >> -- have a $100 million individual retirement account? >> one thing president clinton has done so successfully, he's not against wealth. he's just against hypocrisy,
the fact these bums don't want to pay tax and the richest guy in the world is avoiding tax. >> bill clinton has the best peripheral vision in the history of politics. he knows how to do it. clinton uses a sense of humor to do it, to make the other guy seem like a complete hypocritical phoney. rather than say the guy is a hypocritical phoney, bill clinton builds the occasion like he's talking to the jury. that's what he did there. that's the obstacle that mitt romney has. the way people...
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we just have to wean them off because they don't want to pay income tax. now, a guy with a tax account in the cayman islands is attacking other people? when you really bust someone for what you did, it really takes a lot of gal, you know. >> now, that's former president clinton. will the president go after mitt romney tonight? do you think? >> well, it's hard to imagine that somebody, either jim lehrer or the president himself, won't bring up the 47% video because it has been devastating to romney. obama has used it in ads and it plays into the perception of romney as a very rich guy who is completely out of touch with ordinary voters. however, i can't imagine that romney hasn't are practiced responses to that. he's already had an ad where he sits down, faces the camera, he tries to assure voters that he wants to help 100% of americans, everybody. but the danger for romney is seeming fake or false when he tries to connect. he has, no doubt, practiced a lot, rehearsed a lot. he has a lot of answers already planned but can he seem genuine when he's given tha
we just have to wean them off because they don't want to pay income tax. now, a guy with a tax account in the cayman islands is attacking other people? when you really bust someone for what you did, it really takes a lot of gal, you know. >> now, that's former president clinton. will the president go after mitt romney tonight? do you think? >> well, it's hard to imagine that somebody, either jim lehrer or the president himself, won't bring up the 47% video because it has been...
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because they've got fancy attorneys that pay very little income tax let's suppose after all i'm with you and he would argue that the dependence on reliance is not a good thing we want to help people get off that he's not saying abandon those people and it's actually not saying that more people know he's not he doesn't want to abandon the thirty percent he's saying that seventy percent right now are for that they don't want the american private and i'd like to like i would have been less really really i think everybody wants to marry the american dream that anybody actually going to say i want to know i'm smart to get in i have to change that there right but here's the problem he's not explaining it there is this is sort of this is fair politics this is the old from that one movie i forget the title of it but this is the old thing that what you should be afraid of and who's to blame for it and what they're doing is they're saying you know these people aren't paying enough you're paying more this these aren't solutions any distraction at this point the election for romney any time he's
because they've got fancy attorneys that pay very little income tax let's suppose after all i'm with you and he would argue that the dependence on reliance is not a good thing we want to help people get off that he's not saying abandon those people and it's actually not saying that more people know he's not he doesn't want to abandon the thirty percent he's saying that seventy percent right now are for that they don't want the american private and i'd like to like i would have been less really...
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advantage in banking off shore if that's the case you had no tax advantage in sending your money to the grand cayman islands or switzerland why don't you just bank here in the united states i'd start off with a question like that i've been asking mitt could you explain please how outsourcing and how outsourcing american jobs is good for america a couple of questions that take him off of script that making really answer what we're all thinking and that is mitt you've been lying to us since you've been running for president now explain these two very obvious problems that we've we've had no explanation of up to this point these these are the economic issues which are going to be the core of tonight i'm curious you're the questions that you would want to ask are the concerns that you have the have to do with foreign policy which i realize will be a later debate but this is a big deal right now which is to their two thousand deaths in afghanistan in that exactly. i think what i want to point out tom is his is is tendency to two to fuel conflict i want to ask what in the hell were you th
advantage in banking off shore if that's the case you had no tax advantage in sending your money to the grand cayman islands or switzerland why don't you just bank here in the united states i'd start off with a question like that i've been asking mitt could you explain please how outsourcing and how outsourcing american jobs is good for america a couple of questions that take him off of script that making really answer what we're all thinking and that is mitt you've been lying to us since...
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but the cut in tax rates. >> the cut in tax rates is lower -- all american tax rates by 20%. >> how much does it cost? >> it's revenue neutral. it works and you can -- >> but i have to -- you haven't given me the math. >> well, i don't have the -- it would take me too long to go through all of the math. >> you know, tonight, jim lehrer, he's a great moderator. take all of the time you want. take my time to explain how you're going to do it. yesterday romney himself told a local denver station that part of his tax plan might include a cap on deductions at 17,000 a person which would not hurt billionaires at all like him. let's take a look. >> you could say everybody's going to get up to $17,000 deduction and you can use your charitable deduction, your home mortgage deduction or others, health care deduction and you can fill that bucket, if you will, the $17,000 bucket and higher income might have a lower number or you could do it by the same method that bowles/simpson did it, which is limiting certain deductions but that's the sort of thing that -- >> well, his tighing would take him past
but the cut in tax rates. >> the cut in tax rates is lower -- all american tax rates by 20%. >> how much does it cost? >> it's revenue neutral. it works and you can -- >> but i have to -- you haven't given me the math. >> well, i don't have the -- it would take me too long to go through all of the math. >> you know, tonight, jim lehrer, he's a great moderator. take all of the time you want. take my time to explain how you're going to do it. yesterday romney...
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last four years -- how in lord's name, can they justify raiding their taxes with these tax cuts? >> vice-president biden just today said that the middle class, over the last four years has been, quote, buried. we agree. that means we need to stop digging, by electing mitt romney the next president of the united states. [cheers and applause] of course, the middle clationz class has been buried, they are buried by regulations and buried by taxes and borrowing, they are being buried by the obama administration's economic failures. >> greta: so will the obama campaign take a political hit with that one, mr. speaker? it's dangerous to talk these days? >> look, it's pretty hard to take anything joe biden says seriously. but if you look at it from -- there are two parts to t. he admits that in the last four years, that's the obama years, the middle class has been buried. highest price of gasoline in the history. hits the middle class. the unemployment rate hits the middle class. the debt being piled up, hits the middle class. but then he goes on to say something which is frankly nutty.
last four years -- how in lord's name, can they justify raiding their taxes with these tax cuts? >> vice-president biden just today said that the middle class, over the last four years has been, quote, buried. we agree. that means we need to stop digging, by electing mitt romney the next president of the united states. [cheers and applause] of course, the middle clationz class has been buried, they are buried by regulations and buried by taxes and borrowing, they are being buried by the...
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tax credit. a lot of people have moved to thinking that's a really viable way of thinking about campaigns, political scientists put out a couple years ago a project called the aging, reforming the age of network campaigns. some of the congressional legislation, empower citizens act that was just introduced are really based on that model. so small donors are really still a viable way of building a campaign. .. >> will be a bipartisan project again? for years and years it was, there's a great legacy of that. before there was mccain-feingold, there was goldwater-boar ran representing fairly conservative republicans as well as, as well as liberal, as well as more moderate ones. that's not the case right now. even b the disclose act a lot of conservatives used to say they were for disclosure but nothing else, even the disclose act now has zero republican cosponsors. it had two in the previous, in the previous congress. but it's possible, i think, after a significant shake-up in this election, maybe af
tax credit. a lot of people have moved to thinking that's a really viable way of thinking about campaigns, political scientists put out a couple years ago a project called the aging, reforming the age of network campaigns. some of the congressional legislation, empower citizens act that was just introduced are really based on that model. so small donors are really still a viable way of building a campaign. .. >> will be a bipartisan project again? for years and years it was, there's a...
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bush administration when he said no new taxes read my lips and he raised taxes to bail out and to save the savings and loans so if he wanted to i mean community bankers we need bankers are just going to deal in the back and read the history of the resolution trust corporation that those those banks were taken over by the federal government and then were gradually re privatized and as i said banks there's went to jail so you think that right now i mean here's your opportunity to take and take tim geithner shouldn't banks be going to jail. i'm all for people who break the law in who break the public trust to pay the ultimate price and if that means they must go to jail to let them go to jail but i don't think we can condemn every banker in the world because they're not all part of this i mean there are people who broke the public trust cinema jail ok neal asbury thanks a lot for being with us tonight. he thinks tom. mitt romney probably doesn't want voters to know that a bailed out banks star is on the short list of nominees for treasury secretary also doesn't want voters to know about a
bush administration when he said no new taxes read my lips and he raised taxes to bail out and to save the savings and loans so if he wanted to i mean community bankers we need bankers are just going to deal in the back and read the history of the resolution trust corporation that those those banks were taken over by the federal government and then were gradually re privatized and as i said banks there's went to jail so you think that right now i mean here's your opportunity to take and take...
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to take unemployment that person is lazy corporate tycoons like zell were paying their fair share of taxes america could easily invest in our infrastructure and our students that's a limiting most on employment and ending a lot of the need for unemployment benefits and food stamps calling honest and hardworking americans who are just trying to survive lazy that is very very. the business model of the office supply chain staples represents the cancer stage of capitalism it's also what mitt romney claims as one of his biggest accomplishments of bain capital expect to hear him mention it during the debates tomorrow so what exactly did romney accomplish at bain capital by investing in and growing staples i would argue one of his main accomplishments was the destruction of one slice of the american economy. consider this economies are like complex ecosystems with lots of energy dependent players and a set of basic rules in nature the wide range of players is called biodiversity and pain by varying ecosystems like the arctic and jungles and plains in the oceans and so on nature's ecosystem is al
to take unemployment that person is lazy corporate tycoons like zell were paying their fair share of taxes america could easily invest in our infrastructure and our students that's a limiting most on employment and ending a lot of the need for unemployment benefits and food stamps calling honest and hardworking americans who are just trying to survive lazy that is very very. the business model of the office supply chain staples represents the cancer stage of capitalism it's also what mitt...
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they're being burieded by regulatio regulations, taxes, by borrowing. they're being buried by the obama administration's economic failures. >> major, does joe biden's statement, this video, do either play into the debate tonight? >> i don't think the video is going to play into the debate. you look at what pollsters find from surveying voters, they want to nope, especially tonight, what is your characterization of president obama, what's you've done for four years, mitt romney and what are you going to do going forward. i do not expect this to be about a video from 2007. i think if romney were to do that, it would be a strategic mistake. as for paul ryan, this has been part of a romney campaign tendency. everything from the convention, acutely so, maybe a bit before that. to take whatever sound bite of the day is and to build a narrative around that. that doesn't reenforce the larger one for the romney campaign. look, the american public is well aware of the economic situation our nation is in. it's a recovery, but the slowest and least satisfied since
they're being burieded by regulatio regulations, taxes, by borrowing. they're being buried by the obama administration's economic failures. >> major, does joe biden's statement, this video, do either play into the debate tonight? >> i don't think the video is going to play into the debate. you look at what pollsters find from surveying voters, they want to nope, especially tonight, what is your characterization of president obama, what's you've done for four years, mitt romney and...
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$2,000 while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. [ female announcer ] who will raise taxes on the middle class? barack obama and the liberals already have. to pay for government-run healthcare, you'll pay higher taxes and more for your medicine. and their plan includes a trillion dollars in higher taxes. even on the middle class. mitt romney and common sense conservatives will cut taxe on the middle class. and they'll cse loopholes for millionaires. obama and his liberal allies? we can't afford four more years. [ romney] i'm mitt romney d i approve this message. >> live and in hd, this is "good morning washington," on your side. >> candidates have never lost an -- one an election with a debate but what if you have lost them up the candidates share the spotlight in the first presidential debate before the election. >> leave yourself extra time this morning because it is fo
$2,000 while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. [ female announcer ] who will raise taxes on the middle class? barack obama and the liberals already have. to pay for government-run healthcare, you'll pay higher taxes and more for your medicine. and their plan includes a trillion dollars in higher taxes. even on the...
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we'll get to the deductions but the cut in tax rates. >> the cut in tax rates is lower all americans tax rates by 20%. >> how much does that cost? >> it's revenue lowering. you can -- >> i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> yesterday mitt romney finally gave in, sort of. he didn't detail the deductions he intends to eliminate, but at least offered a few suggestions. >> you could say everybody is going to get up to a $17,000 deduction and use your charitable deduction or your home mortgage deduction or others, health care deduction and fill that bucket, the $17,000 bucket that way and higher income people might have a lower number or do it by the same method that bowles-simpson did it, limiting certain deductions, that's the sort of thing you do with congress. >> so there you go. that's the sort of thing he's talking about. romney's campaign emphasized after the interview those ideas are actually not part of his plan writing -- mark halperin, as you know, i'm an easily confused person
we'll get to the deductions but the cut in tax rates. >> the cut in tax rates is lower all americans tax rates by 20%. >> how much does that cost? >> it's revenue lowering. you can -- >> i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> yesterday mitt romney finally gave in, sort of. he didn't detail the deductions he intends to eliminate, but at least offered a few...
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i don't believe romney has proposed raising taxes on on the middle class, he is raising reckless tax cuts. that i would support. >> the answer, the argument really is who do you trust to make thebetter going forward? it seems the president is winning that argument. ashley: perhaps he has been very successful in business, could be a good option. >> exactly. the regular americans really don't start looking at this stuff until three weeks before the election. people might start paying attention. who do you trust? how can you trust barack obama going forward when it failed so miserably the past four years by joe biden's own admission. that is even if you nt to blame rusch, you have a guy in the white house who promised us he would make things better, he is made things worse, he is a failure. >> i am not one of these crazy who do not believe the evidence in front of my eyes. clearly the argument is resounding and working. but you know what, he is very good. ashley: would never have enough time. want to touch on the debate very quickly and what you think the key issues are tomorrow night i
i don't believe romney has proposed raising taxes on on the middle class, he is raising reckless tax cuts. that i would support. >> the answer, the argument really is who do you trust to make thebetter going forward? it seems the president is winning that argument. ashley: perhaps he has been very successful in business, could be a good option. >> exactly. the regular americans really don't start looking at this stuff until three weeks before the election. people might start paying...
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plus, more people will be out of work because of the small business tax increases from obama care, so what mitt romney is going to talk about is appeal to how we can do so much better. we need to invest in small businesses in latinos and women and, you know, people who are coming to this country often are starting small businesses, and that's -- we can't be putting new taxes on those small businesses, and we need to have new health care. >> is he going to get -- >> will also help -- >> i'm sorry. is he going to be more specific on what type of loopholes he is talking about, exemptions, to offset these tax cuts that he is proposed to grow the economy. is he going to provide more specifics? >>. >> when president romney works on the economy and health care issues, he will do it in an open and transparent way. they've already said they want to have congress and everybody involved and when governor romney was governor in massachusetts, he worked with an 85% legislator -- legislature and was able to cut taxes over a dozen times while he was cutting spending, but did he it collaboratively, o
plus, more people will be out of work because of the small business tax increases from obama care, so what mitt romney is going to talk about is appeal to how we can do so much better. we need to invest in small businesses in latinos and women and, you know, people who are coming to this country often are starting small businesses, and that's -- we can't be putting new taxes on those small businesses, and we need to have new health care. >> is he going to get -- >> will also help --...
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this is a choice between tax cuts and tax hikes. you need to make that case. now i want to hear from our panelists in the kudlow caucus. former clinton white house aide, keith boykin. rick lazio, former republican congressman from new york. rick lazio, i begin with you, good evening to you. >> hello, larry. >> this is a gigantic audience, the key issue of our time is still the economy and jobs. so far mitt romney has not been able to make the sale. that's what the polls show. that's why this thing is close. why hasn't he and what's he going to do tonight differently than he's done in the past. >> i think he's going to make the contrast with president obama, why expanding the pie is in the national interest. not redistributing an ever slowing economy but expanding the pie so everybody gets a job that wants a job, people's salaries are rising. i think he needs to lay out the picture, paint the picture for the audience, frankly, larry, of what america would look like after four years of pro-growth policies. more kid graduating and getting jobs that they were trai
this is a choice between tax cuts and tax hikes. you need to make that case. now i want to hear from our panelists in the kudlow caucus. former clinton white house aide, keith boykin. rick lazio, former republican congressman from new york. rick lazio, i begin with you, good evening to you. >> hello, larry. >> this is a gigantic audience, the key issue of our time is still the economy and jobs. so far mitt romney has not been able to make the sale. that's what the polls show. that's...
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no one likes taxes. including myself. ultimately, we have to pay for the core investments that make this economy is strong. >> let's not raise anybody's taxes. >> i am not sure if you could hear or see that clip as well, but the facial expressions were interesting to watch. what can we learn from that? >> well, the president is obviously president. that is one of the more memorable saturday night live ksits. -- skits. he does not want to be on the defensive. he looks like he was explaining in a way that ordinary folks could relate to. he ended up winning ohio four years ago. the president is going to be much more presidential tonight. he will not be like that. they will be standing behind a podium set so they will not be sitting behind a round table. the president is not debated since 2008. in the early primaries when he was debating hillary clinton, he was not very good. it took him awhile to get into stride. one of the things we are watching closely is the first half hour of the debate. most people only watch the first
no one likes taxes. including myself. ultimately, we have to pay for the core investments that make this economy is strong. >> let's not raise anybody's taxes. >> i am not sure if you could hear or see that clip as well, but the facial expressions were interesting to watch. what can we learn from that? >> well, the president is obviously president. that is one of the more memorable saturday night live ksits. -- skits. he does not want to be on the defensive. he looks like he...
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last four years, how in lord's name can they justify raising their taxes with these tax cuts. >> dan, look, there is plenty of fodder for this debate without that. but since that is so 11th hour, is that expected to be played up heavily tonight? >> i don't think the obama campaign doesn't think this will be a distraction, but perhaps this will be something that governor mitt romney will jump on at some point during the debate. it is interesting, the vice president made those comments yesterday while campaigning in north carolina. and right after that, the romney campaign jumped all over those remarks. in fact, they put together a conference call to draw attention to that. the obama campaign fighting back saying that's an act of desperation and what the vice president was talking about is that there was this climate over the last four years that were created by decisions that were made in the previous administration. and so, again, they don't see it as a distraction, but i wouldn't be surprised if it didn't come up tonight. >> all right, dan lothian, live for us in denver, a long day
last four years, how in lord's name can they justify raising their taxes with these tax cuts. >> dan, look, there is plenty of fodder for this debate without that. but since that is so 11th hour, is that expected to be played up heavily tonight? >> i don't think the obama campaign doesn't think this will be a distraction, but perhaps this will be something that governor mitt romney will jump on at some point during the debate. it is interesting, the vice president made those...
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. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> the middle class in america is hurting. >> the middle class has been buried the last four years. >> kristen welker and peter alexander are with the obama and romney campaigns in these final hours before the first match-up, the debate tonight. we begin with kristen in nevada with the president. the president will travel to colorado in just a matter of hours. good morning. >> good morning. that's right. president obama will take off for denver in just a few hours. i'm told he'll have a little bit of down time with the first lady before the debate. he'll also do a walk through of the venue. here's how it's going to work. president obama will be given the first question. mitt romney will have the final word tonight. the debate will be broken up into six 15-minute segments for a 90-minute debate. it will include three on the economy, one on health care, one on governing and one on the state of government. the role of government, i should say. now, both candidates will be standing at podiu
. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> the middle class in america is hurting. >> the middle class has been buried the last four years. >> kristen welker and peter alexander are with the obama and romney campaigns in these final hours before the first match-up, the debate tonight. we begin with kristen in nevada with the president. the president will travel to colorado in just a matter of hours. good...
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >>> welcome back to fox 5 morning news. wednesday, october 3rd, 2012. live look outside at i-270 right now. it is 5:30 in the morning. there is some fog. we have a little bit of rain this morning. >> i like how he said that. >> just a tiny bit. >> wisdom has a good voice for that. >> a second career after a retire. fog. >> fog horn. >> it is even denser in some areas than that, isn't it? >> a dense fog advisory for parts of the area. anne arundel county and out to the west too. you don't need a dense fog advisory to find some dense fog. you saw it is pretty much area- wide with all the rain we had yesterday. so a couple of extra minutes for your morning commute probably a good idea. let's take a look at our r
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >>> welcome back to fox 5 morning news. wednesday, october 3rd, 2012. live look outside at i-270 right now. it is 5:30 in the morning. there is some fog....
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >>> welcome back. loose seats on american airlines jets are still making headlines this morning. that is not only problem the carrier is dealing with right now. more on that in a minute. let's take a look at the market. lauren simonetti with fox business network live in new york with this morning's business beat. good morning. >> good morning. >> what is on tap for today? >> we get private payroll data in the lead-up to the big government jobs report for september. that comes out on friday. we get a report on the services sector. this is the biggest part of the economy. financial services, people would work in the hotel industry, et cetera. so pretty big reports. ahead of that, we are showing some green, like
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >>> welcome back. loose seats on american airlines jets are still making headlines this morning. that is not only problem the carrier is dealing with right...